Auric Mining Ltd. has appointed Gareth Solly as CEO to spearhead the development of the company’s processing capacity and gold mining operations.
With over 20 years of experience in the Western Australian gold sector, including stints at industry heavyweights Silver Lake Resources and Saracen Minerals, Solly brings a rare mine-to-mill expertise to Auric.
His recent success in acquiring and refurbishing the Paulsens and Lakewood operations is seen as a direct blueprint for Auric’s immediate goals: the development of the Burbanks Gold Plant and the scaling of the Munda Gold Mine.
He was most recently the founding managing director of Black Cat Syndicate and is widely credited with transforming that company from a modest AU$6 million explorer into a multi-asset producer boasting a AU$1 billion market capitalisation.
His move to Auric, May 18, signals a new chapter for the Kalgoorlie-focused miner as it fast-tracks its own processing infrastructure.
“Gareth’s success at Black Cat is a blueprint for what we intend to achieve,” said Auric’s founding Managing Director, Mark English.
“He has a rare ‘mine-to-mill’ skillset – he knows how to find the ounces, but more importantly, he knows how to build the infrastructure and the team to produce gold bars.
“This appointment sends a clear message to the market: Auric is serious about building a significant gold enterprise in the Kalgoorlie region.”
To ensure financial discipline and continuity, English will remain as Executive and Finance Director during a transition period, before handing the Managing Director reins to Solly on December 1.
The new CEO noted that the opportunity to lead another company through the construction of its own processing hub was incredibly compelling.
“I have watched Auric’s transition from an explorer to a profitable miner with great interest,” Solly said.
“Auric has consolidated a highly prospective ground holding and the right assets to become a profitable self-sufficient gold producer. The opportunity to lead another company through the construction of its own processing hub and be rerated as a producer is incredibly compelling.”
